The net profits of Chelyabinsk Zinc Works in 2016 increased 1.7-fold YoY, to 3.965 billion rubles. Revenues went up by 19.7%, to 23.424 billion rubles, with sales profits up by 38.4%, to 5.199 billion rubles, and EBITDA up 1.7-fold, to 4.975 billion. Last year the company increased zinc and zinc alloys manufacture by 2.2% YoY,…

In 2016 the net profit of ChTPZ group increased by 5.7%, to 6.357 billion rubles. According to the company statement, its revenues dropped by 9% YoY, to 135.456 billion rubles, EBITDA – by 3%, to 27.9 billion rubles. The net debt of the group decreased by 9.9 billion rubles, or by 76.2 billion rubles, to…

Izhstal, a part of Mechel, has received the highest category of supplier reliability from Tikhvinsky Wagon Construction Works, a leading manufacturer of the new generation railroad cars in the CIS. Izhstal delivers rolled metal of structural, tool and high-speed steel to the works. The wagon works carries out constant evaluations of suppliers according to Russian…

The International Atomic Energy Agency (IAEA)’s Coordination Group for Uranium Legacy Sites (CGULS) has visited northern Tajikistan this month to assist with preparations for remediation of uranium legacy sites. According to the IAEA’s website, the objective of remediation is to reduce the risks to the public and the environment arising from radiation of residual contamination…

A delegation of the Russian Vostok-Geologodobycha company should arrive in Bishkek one of these days, which in 2015 won a tender to develop Jerooy field in Talas region. It is a member of Russian Platinum group of companies. In early April, it is planned to lay a capsule on the site of the future mine…

DTEK energy holding will send official notifications to 32 companies warning them of not buying coal made by the group’s divisions located on the temporarily uncontrolled territory, DTEK CEO Maksym Timchenko has said. “We have a list of 32 companies which potentially could buy this coal. We will send this letter to each company. Today…

In 2016 Ukrvtorchermet decreased its losses 2.5-fold, or by 1.1 billion UAH, to 707.66 million UAH. According to the company statement, as of the end of 2016, the cost of its assets reached 847.71 million UAH. Accounts receivable totaled 345.14 million UAH, current liabilities – 1.35 billion UAH, fixed liabilities – 3.58 billion UAH. In…

In January Voestalpine supplied 24 thousand tons of plate to Vyksa Iron and Steel Works, a part of OMK. According to the customs statistics, this is 90% of the total 2016 plate imports from Austria. In April 2016 OMK and Nord Stream-2 AG signed an agreement on the supply of large diameter pipes for the…

The authorities of the so-called Donetsk People’s Republic, a terrorist organization, supported by Russia, on the occupied territory of Ukraine, have started negotiations with the major mining companies of Russia on the delivery of raw materials. The non-existing Ministry of industry of the DPR informs that it is negotiating with the following: Lebedinsky and Mikhailovsky…

Severstal has started assembling the main technological machinery for the ladle-furnace No. 2 at the steel smelting shop of Cherepovets Iron and Steel Works. At present the assembly of a 520-ton crane is coming to an end. “The project costs exceed 3 billion rubles. The new machinery will increase converter steel output to 10 million…

Severstal has signed year-long contracts with the leading car manufacturers from Russia and CIS to supply metal in 2017. According to the company statement, it will supply 70 thousand tons of metal, produced at the Cherepovets Iron and Steel Works, to KamAZ. Severstal also agreed on deliveries to GAZ. The company has been also supplying…

Ukrdoninvest LLC, which in September 2016 signed a contract with the state enterprise Centrenergo to supply 240 million UAH worth of coal, has acquired 21.69% of shares of the Ukraina Central Processing Factory from Altera Asset Management. Altera is no longer a shareholder of the factory. 78.31% of the factory stake belong to DRFTs LLC.…

ArcelorMittal Kriviy Rih will recultivate the lands of the old quarry of the non-operating mine named after Valyavko-Severnay. In 2017-2018 the company will create a green public zone in Kriviy Rih. AMKR will spend some 1 million UAH on the project. The mine was closed down in 1996 because of the reserves running dry. (Ukrainian…

Pavlogradugol and Dobropolyeugol incorporated into DTEK plan to increase run-of-mine (ROM) coal by 10-15% in 2017, DTEK CEO Maksym Timchenko has said. He said that the Pavlogradugol production target for 2017 was 19-20 million tons (a rise of 3.3-8.7% on 2016), and that for Dobropolyeugol – 3.8 million tons (a rise of 65.2%). He said…

The resumption of the Yenakievo Iron and Steel Works and its Makeevka subsidiary operation is estimated at 584 million rubles a day, according to the so-called ministry of industry of the Donetsk People’s Republic, the terrorist organization, supported by Russia, on the occupied territories of Ukraine. Earlier the chief of the organization Alexander Zakharchenko said…

In 2016 Ukrainian Mining and Metallurgical Company, one of the largest metal-selling companies of Ukraine, received 66.8 million UAH of net losses, as opposed to 51.17 million UAH of net profits in 2015. According to the company statement, its accounts receivable dropped by 4.6%, to 295.353 million UAH, but current liabilities rose by 14.4%, to…

The project of complete modernization of the Vyksa Iron and Steel Works will require $6.94 billion worth of investments. According to the owner of the company – OMK – it plans to carry out the project in several years, without naming the specific date. The project presupposes the total modernization of the existing casing pipe…

In 2016 KMAruda received 566 million rubles of net profits, up 1.7-fold YoY. According to the company statement its income rose by 7.9%, to 5 billion rubles. “The positive dynamics was provided by the increase in revenue and the concentrate price”, the company said. The works was also able to cut expenses by slightly decreasing…

The board of directors of the Russian coal producer Raspadskaya has recommended paying no dividends for 2016, the company said in a statement. The board has recommended spending 6.752 billion rubles of the net profit of 12.957 billion rubles to redeem a loss of previous years and leaving the remaining 6.205 billion rubles undistributed. The…

Public joint-stock company Ukrzaliznytsia has denied accusations of providing preferences for transit of Russian iron ore. “Now the level of transit tariffs if we compare them for similar distances for this cargo is higher by $5.6-7.5 per ton in contrast to domestic transportation. Even if the domestic tariffs are indexed, the tariff for iron ore…